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Musk’s AI Company xAI Secures $6 Billion, Aims to Challenge OpenAI
Elon Musk's artificial intelligence startup, xAI, has secured a massive $6 billion investment, propelling its!-->…
Walmart Ditches Capital One as Credit Card Issuer After Service Issues
Walmart is severing its partnership with Capital One, which issued its store-branded credit cards since 2019. This!-->…
Lilly invests further $5.3 bln in new Indiana site as obesity drug demand soars
Eli Lilly is making a massive investment to address surging demand for its weight-loss and diabetes drugs,!-->…
US equity funds see massive weekly inflows on rate cut expectations
US equity funds saw a significant inflow of capital in the week ending May 22nd. This surge, totaling $9.9!-->…
US Stocks Mixed: Tech Buoyed by Nvidia, But Inflation Worries Drag on Gains
US stocks opened higher on Friday, but the rally looks unlikely to sustain as the week draws to a close. The Dow!-->…
Fed Governor Hints at Higher Borrowing Costs
Federal Reserve Governor Christopher Waller has sparked discussions about a possible change in the interest rate!-->…
Brazil’s Petrobras approves Chambriard as new CEO
Brazil's state-owned oil giant Petrobras has a new leader: Magda Chambriard. Her appointment follows the!-->…
Nvidia Co-Founder Surpasses Walmart Waltons in Wealth
Jensen Huang, co-founder of Nvidia, has become a symbol of the booming tech industry's growing influence. Thanks!-->…
Google Eyes HubSpot Acquisition to Challenge Microsoft in Cloud Software
Google's parent company, Alphabet, is reportedly considering acquiring HubSpot, a marketing software company!-->…
Boeing faces ‘long road’ on safety issues, US FAA says
The head of the Federal Aviation Administration (FAA) has cast doubt on Boeing's ability to quickly resolve safety!-->…
Techstars CEO Maëlle Gavet Steps Down Due to Health Reasons
Techstars CEO Maëlle Gavet announced her resignation from the company, effective at the end of May, citing health!-->…
Turkish Airlines sacks 7 Nigerian staff over $600,000 ticket racketeering
Turkish Airlines fired seven Nigerian staff members for allegedly costing the airline over $600,000 through!-->…
Microsoft’s AI Deal with UAE Raises Security Concerns, Lawmakers Seek More…
Microsoft's deal with G42, a UAE-backed AI company, is raising eyebrows over potential national security risks.!-->…
Stocks catch a ride higher with Nvidia; investors cautious over rates
Global stock markets saw a modest rise on Thursday, fueled by a strong performance from tech giant Nvidia.!-->…
Japan’s Factory Activity Shows Signs of Life After Months of Slump
Positive news for Japan's economy as factory activity finally expanded for the first time in a year. The au Jibun!-->…
World Bank Approves $750 Million for Mini-Grids
Great news for Nigerians living in rural areas! The World Bank just approved a $750 million loan to build 1,200!-->…
Iranian President Ebrahim Raisi Dies in Helicopter Crash
Iranian President Ebrahim Raisi died in a helicopter crash, according to the Islamic Republic News Agency. The!-->…
U.S. Factory Production Falls in April
U.S. factory production saw an unexpected decline in April, primarily due to a drop in motor vehicle output.!-->…
China’s April industrial output rises 6.7% but Retail Sales Growth Slows
China's industrial output grew by 6.7% year-on-year in April, showing a significant rise from the 4.5% growth in!-->…
Microsoft offers cloud customers AMD alternative to Nvidia AI processors
Microsoft is giving cloud computing customers a new option for powering artificial intelligence (AI). They're!-->…
Morgan Stanley Joins Major US Banks with $269 Million Investment in Bitcoin ETFs
Morgan Stanley, one of the top banking firms in the United States, has disclosed its investment of $269 million in!-->…
Argentina’s Inflation Rate Nears 300%, Despite Signs of Deceleration
Despite positive signs of a deceleration, Argentina continues to face soaring inflation, with the annual inflation!-->…
Anglo American CEO Accelerates Spin-Off Plans to Hinder BHP Takeover Bid
The CEO of Anglo American, Duncan Wanblad, revealed on Tuesday that the company's plans for a spin-off of its!-->…
Oil Prices Stable as OPEC Maintains Demand Forecast, Investors Await U.S.…
Oil prices remained largely unchanged on Tuesday as OPEC retained its global oil demand predictions, while!-->…
UK fears a £108 billion decline to creative sector as int’l student numbers reduce
Creative UK, representing the creative industries, has raised concerns over the potential elimination of!-->…
Crypto Analyst Warns of Bitcoin Panic Sell-Off if Price Falls Below $60,000
Renowned crypto analyst and FX Pro trader, Alex Kuptsikevich, has issued a cautionary note, suggesting that!-->…
UBS CEO says Switzerland should not “overshoot” with capital demands
UBS CEO Sergio Ermotti has responded to criticism that the bank has grown too large for Switzerland, and has!-->…
Euro zone banks have reduced their exposure to Russia by half ECB’s Buch…
The European Central Bank (ECB) revealed that euro zone banks have significantly reduced their exposure to Russia!-->…
SoftBank Reports Quarterly Profit
SoftBank Group, a big technology company from Japan, made a profit of 328.9 billion yen (which is about $2.11!-->…
Amazon to invest $1.3 bln in France, create 3,000 jobs
Amazon, a big company known for online shopping, announced that it will invest over 1.2 billion euros (which is!-->…